CHAPTER 125
H.P. 651 - L.D. 904
An Act to Clarify the Audit Requirement of the Maine State Housing Authority
Emergency preamble. Whereas, Acts of the Legislature do not become effective until 90 days after adjournment unless enacted as emergencies; and
Whereas, the 90-day period will not terminate until after the deadline for the next annual financial report of the Maine State Housing Authority; and
Whereas, the clarification in this law in a timely manner will avoid confusion and unneeded expense; and
Whereas, in the judgment of the Legislature, these facts create an emergency within the meaning of the Constitution of Maine and require the following legislation as immediately necessary for the preservation of the public peace, health and safety; now, therefore,
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 30-A MRSA §4910, as amended by PL 1989, c. 6, c. 9, §2 and c. 104, Pt. C, §§8 and 10, is further amended to read:
The director of the Maine State Housing Authority shall prepare and submit to the Governor and the bank superintendent annually a complete report and a complete financial report duly audited and certified by the Department of Audit or a qualified public accountant to be distributed in the same way as state departmental reports.
Emergency clause. In view of the emergency cited in the preamble, this Act takes effect when approved.
Effective April 25, 1997.
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